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Property profile & analytics
OFF-MARKET
Estimated value
$32,720,000
Industrial properties
4779 Hanoverville Rd, Bethlehem, PA 18020-9479
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-4205468
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2016
Total area
302,378 SF
Lot
83.53 ac (3,638,567 SF)
Zoning code
A
APN
L6 20 7 0418
UPID
US73-4205468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ShipBob Bethlehem Logistics Company Freight Service
-
Human Active Technology Warehouse & Storage
-
Wasserstrom Allentown Distribution Center Distribution Center Logistics Company
-
Staff Management | SMX Employment Agency
-
PAC Worldwide Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.59M
Comparable Approach
Comparable
$43.82M
Blend (final)
Blend
$32.72M
Owner & transaction history
Lvtc III Owner LLC · 3 yrs held
Lvtc III Owner LLC
since 2022
7 recorded transactions
Zoning & alternative use
A · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$48.4M
+65.1%
Commercial (general)
$47.5M
+61.9%
Medical building
$46.2M
+57.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,470,000
6.5%
$34,585,000
7%
$32,115,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$29,340,000
Current use
RETAIL STORES
$48,440,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$47,500,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$46,175,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$39,625,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,640,000
Change: +25% · Conversion: Easy
RESTAURANT
$33,860,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$32.72M
Range $29.45M – $35.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,330,865
Tax year 2024
Assessed value
$18,278,600
Assessed 2024
Previous assessed
$18,278,600
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$1,701,000
Assessed improvement
$16,577,600
Land market value
$3,402,000
Improvement market value
$33,155,200
Total market value
$36,557,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2016
Heating
YES
Cooling
CENTRAL
Buildings
2
Total area
302,378 SF
Lot
83.53 ac (3,638,567 SF)
Zoning code
A
APN
L6 20 7 0418
UPID
US73-4205468
Jurisdiction
NORTHAMPTON
Zoning & alternative use
A · Bethlehem, PA
Zoning A · permitted uses
A · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$29.3M
RETAIL STORES
Est. value
$48.4M
COMMERCIAL (GENERAL)
Est. value
$47.5M
MEDICAL BUILDING
Est. value
$46.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.6M
AUTO REPAIR, GARAGE
Est. value
$36.6M
RESTAURANT
Est. value
$33.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Buildings
2
Lot
83.53 ac
Current owner
From public records · entity-resolved
Lvtc III Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2323 VICTORY AVE STE #1500, DALLAS, TX 75219-7657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Tc Lvtc LLC
—
Deed
related
$345,847 · Mutual Life Insurance Company
Aug 3, 2022
—
Lvtc III Owner LLC
Lvtc III Owner LLC
Intrafamily Transfer
related
—
Dec 31, 2018
—
Lit Of Cppt Lehigh LLC
—
Deed
related
$175,000,000 · Wells Fargo Bk
Oct 28, 2014
—
Eastp I LLC
—
Loan Modification
related
$12,000,000 · Huntington Nat'l Bk
—
—
Lit Of Cppt Lehigh LLC
—
Loan Modification
related
$175,000,000 · Wells Fargo Bk
—
—
Eastp I LLC
—
Loan Modification
related
$6,500,000 · Huntington National Bank
—
—
Eastp I LLC
—
Loan Modification
related
$25,000,000 · Huntington Nat'l Bk
—
—
Eastp I LLC
—
Deed Of Trust
related
$2,500 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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